dinero_admin The Finance and Special Budget Committee of the Legislative Assembly approved the Financial Management Report 2024, presented by the Ministry of Finance. The document highlights an efficient budget execution and the stability of the country’s public finances.
The report details the financial movements of 140 public sector entities, including 32 central government institutions, 41 decentralized health institutions, 31 national hospitals, 54 decentralized non-enterprise entities, 4 public companies and 9 additional decentralized institutions.
Joaquín Montano, Director General of Government Accounting, explained before the legislative board that the process of classifying and cleaning financial data allows consolidating a realistic picture of the fiscal situation. “Through the Sistema de Administración Financiero Integrado (SAFI) we collect, analyze and purge all the financial statements of the institutions to guarantee accurate figures”, said Montano.
According to the report, the revenue budget in 2024 was US$17,650.9 million, of which US$16,678.0 million was executed. On the expenditure side, US$17,560.9 million was budgeted, but only US$15,379.4 million was spent, which allowed maintaining a positive balance in the national accounts.
Montano highlighted that the financial management achieved stability without compromising the government’s goals. “There was no squandering or spending more than what came in. The finances have maintained a healthy balance and the goals were met without affecting the budget”, said the official.
The report also includes a balance sheet on the public treasury and the State’s fiscal assets. Non-financial assets amount to US$25,056.2 million, although this figure may still be adjusted as public assets are incorporated and disposed of. In addition, international regulations are being implemented for the recognition of historical, cultural, and environmental assets, strengthening the country’s heritage registry.
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